Mirum Pharma: FDA OKs Livmarli to Treat Cholestatic Pruritus in Certain Patients
September 29 2021 - 2:08PM
Dow Jones News
By Stephen Nakrosis
Mirum Pharmaceuticals Inc. on Wednesday said the U.S. Food and
Drug Administration approved Livmarli oral solution to treat
cholestatic pruritus in patients with Alagille syndrome one year of
age and older.
Livmarli "is the first and only FDA-approved medication in this
rare liver disease which affects 2,000 to 2,500 children in the
United States," the company said.
Those suffering from cholestatic pruritus feel a sensation of
itching. Alagille syndrome affects the liver and results in a
buildup of bile due to too few working bile ducts.
"Malformed or reduced bile ducts cause cholestasis, the
accumulation of bile acids in the liver, which leads to
inflammation and liver injury, and prevents the liver from working
properly," the company said.
At 1:31 p.m. ET, the company's shares were trading 6.46% higher,
at $19.96 each. Volume at the time toped 260,000 shares, above the
stock's 65-day average volume of 105,902 shares.
Mirum said it will host a conference call to discuss the
approval at 4:30 p.m. ET Wednesday.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
September 29, 2021 13:53 ET (17:53 GMT)
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